Master your finances and simplify loan planning with our Loan EMI Calculator. Instantly compute EMIs, visualize amortization, and take control of your budget.
Equated Monthly Installments (EMIs) are essential for structured loan repayments. Each installment comprises:
This calculator uses the standard EMI formula:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]Where:
This calculator supports a wide range of scenarios:
A $250,000 home loan at 6.5% over 20 years with monthly prepayments of $100 reduces:
An $18,000 car loan at 8% over 5 years includes a $5,000 lump-sum after year one:
The EMI formula is derived from annuity theory in finance, modeled on geometric progression:
Total Amount = EMI × n = P × (1 + r)^n × r / [(1 + r)^n – 1]This formulation allows reverse solving to find any unknown: principal, rate, tenure, or EMI.
Start planning smarter today—use the calculator to gain clarity, save money, and take charge of your financial future.
| Loan Amount | Interest Rate | Term (Years) | EMI |
|---|---|---|---|
| $10,000 | 5% | 3 | $299.71 |
| $250,000 | 6.5% | 20 | $1,864.27 |
| $18,000 | 8% | 5 | $364.99 |
| $1,000 | 0% | 1 | $83.33 |
| $5,000 | 4% | 0.25 | $1,258.42 |
| Payment # | Principal | Interest | Remaining Balance |
|---|---|---|---|
| 1 | $150.00 | $50.00 | $9,850.00 |
| 2 | $152.00 | $47.71 | $9,698.00 |
| Prepayment | $1,000.00 | $0.00 | $8,698.00 |